Multifamily Housing Developers

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​Affordable Rental Housing Program

The GLO is administering the Multifamily Affordable Rental Housing Program. This program provides a total of $250 million for the rehabilitation, reconstruction, and new construction of affordable multifamily housing projects in areas impacted by Hurricane Harvey. The maximum award for any applicant/development is $25 million.

Minimum of 51 percent of the units must be restricted for twenty (20) or more years of an affordability period for low- to moderate-income (LMI) individuals earning 80 percent or less of the Area Median Family Income (AMFI) at affordable rents;

The affordable rents must comply with HOME Investment Partnership (HOME) Rents and other existing Land Use Restriction Agreement (LURA) restrictions, if applicable;

Multifamily rental development is eight or more rental units under common ownership; and

Project construction must be completed within 18 months of the effective date of the contract.

**Developments located within the city limits of Houston and/or within Harris County are ineligible.

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Current applications received for multifamily funding as of 1:59PM on 9/22/2018.New construction is not included in data. Applications for new construction are pending review and processing.

COG

SET-ASIDE AMOUNT

APPLICATIONS RECEIVED

UNITS PER REGION

AMOUNT REQUESTED

AMOUNT REMAINING

AACOG

$

2,290,367.75

0

0

$

-

$

2,290,367.75

BVCOG

$

2,494,538.81

0

0

$

-

$

2,494,538.81

CAPCOG

$

8,942,865.85

1

36

$

8,766,974.44

$

175,891.41

CBCOG

$

42,196,325.14

14

692

$

51,462,551.00

$

(9,266,225.86)

CTCOG

$

500,000.00

0

0

$

-

$

500,000.00

DETCOG

$

30,000,814.75

1

36

$

2,052,979.00

$

27,947,835.75

GCRPC

$

18,612,232.81

5

269

$

42,752,379.12

$

(24,140,146.31)

H-GAC EAST

$

48,777,923.44

11

524

$

37,104,477.00

$

11,673,446.44

H-GAC WEST

$

35,137,608.62

9

446

$

49,875,917.74

$

(14,738,309.12)

SETRPC

$

61,047,322.83

10

1054

$

72,325,754.00

$

(11,278,431.17)

TOTAL

$

250,000,000.00

51

3057

$

264,341,032.30

$

(14,341,032.30)

DISCLAIMER. The above shown balances reflect requested amounts only and are subject to an underwriting review to be sized accordingly before final approval is issued. Applications related to this particular program will be accepted in every eligible region up and until the closing date of October 23, 2018, even if a region appears to be oversubscribed.

Applications received for an oversubscribed region will be placed on a waiting list in the order of their reception and considered for award only if, after the underwriting process, other applications fail to meet other program criteria and cannot be accepted.

At the end of the application cycle any funding remaining in any region will be consolidated into a state-wide pool and all applications that have not yet received an award will be considered as eligible applicants for these funds.
Applications will be considered chronologically based on the date they were received by the GLO. Submission of an application is in no way a guarantee of award.’

COG

$ AMOUNT AWARDED

APPLICATIONS RECEIVED

Units per Region

$ AMOUNT ALLOCATED

$ AMOUNT REMAINING

AACOG

$ 2,290,367.75

0

0

$ -

$ 2,290,367.75

BVCOG

$ 2,494,538.81

0

0

$ -

$ 2,494,538.81

CAPCOG

$ 8,942,865.85

0

0

$ -

$ 8,942,865.85

CBCOG

$ 42,196,325.14

3

160

$ 8,309,602.00

$ 33,886,723.14

CTCOG

$ 500,000.00

0

0

$ -

$ 500,000.00

DETCOG

$ 30,000,814.75

1

36

$ 2,052,979.00

$ 27,947,835.75

GCRPC

$ 18,612,232.81

1

150

$ 18,375,435.00

$ 236,797.81

H-GAC EAST

$ 48,777,923.44

9

348

$ 16,705,477.00

$ 32,072,446.44

H-GAC WEST

$ 35,137,608.62

4

257

$ 17,800,917.00

$ 17,336,691.62

SETRPC

$ 61,047,322.83

2

244

$ 17,050,733.00

$ 43,996,589.83

TOTAL

$ 250,000,000.00

20

1195

$ 80,295,143.00

$ 169,704,857.00

DISCLAIMER. The above shown balances reflect requested amounts only and are subject to an underwriting review to be sized accordingly before final approval is issued. Applications related to this particular program will be accepted in every eligible region up and until the closing date of October 23, 2018, even if a region appears to be oversubscribed.

Applications received for an oversubscribed region will be placed on a waiting list in the order of their reception and considered for award only if, after the underwriting process, other applications fail to meet other program criteria and cannot be accepted.

At the end of the application cycle any funding remaining in any region will be consolidated into a state-wide pool and all applications that have not yet received an award will be considered as eligible applicants for these funds. Applications will be considered chronologically based on the date they were received by the GLO. Submission of an application is in no way a guarantee of award.’

COG

$ AMOUNT AWARDED

APPLICATIONS RECEIVED

Units per Region

$ AMOUNT ALLOCATED

$ AMOUNT REMAINING

AACOG

$ 2,290,367.75

0

0

$ -

$ 2,290,367.75

BVCOG

$ 2,494,538.81

0

0

$ -

$ 2,494,538.81

CAPCOG

$ 8,942,865.85

0

0

$ -

$ 8,942,865.85

CBCOG

$ 42,196,325.14

3

160

$ 8,309,602.00

$ 33,886,723.14

CTCOG

$ 500,000.00

0

0

$ -

$ 500,000.00

DETCOG

$ 30,000,814.75

1

36

$ 2,052,979.00

$ 27,947,835.75

GCRPC

$ 18,612,232.81

1

150

$ 18,375,435.00

$ 236,797.81

H-GAC EAST

$ 48,777,923.44

9

348

$ 16,705,477.00

$ 32,072,446.44

H-GAC WEST

$ 35,137,608.62

4

257

$ 17,800,917.00

$ 17,336,691.62

SETRPC

$ 61,047,322.83

2

244

$ 17,050,733.00

$ 43,996,589.83

TOTAL

$ 250,000,000.00

20

1195

$ 80,295,143.00

$ 169,704,857.00

The above shown balances reflect requested amounts only and are subject to an underwriting review to be sized accordingly before final approval is issued. Applications related to this particular program will be accepted in every eligible region up and until the closing date of October 23, 2018, even if a region appears to be oversubscribed.

Applications received for an oversubscribed region will be placed on a waiting list in the order of their reception and considered for award only if, after the underwriting process, other applications fail to meet other program criteria and cannot be accepted.

At the end of the application cycle any funding remaining in any region will be consolidated into a state-wide pool and all applications that have not yet received an award will be considered as eligible applicants for these funds. Applications will be considered chronologically based on the date they were received by the GLO. Submission of an application is in no way a guarantee of award.'